Financial Information

Graduate Tuition

For class entering in September 2015, the total tuition for the Master of Engineering in Advanced Manufacturing and Design Program is $46,400, itemized as follows:

Fall semester graduate tuition: $23,200
Spring semester graduate tuition: $23,200
Summer tuition: $15,460, waived for all MEng AMD students working on their offsite Group Projects in Industry.

To learn more about graduate tuition visit the MIT Office of the Registrar Website.

Tuition Financial Assistance

In 2016, all MEng students will be eligible for the summer tuition waiver, currently $15,460. 
In addition, a limited number of students will be be eligible to receive a tuition-only MIT MEng Scholarship of up to $10,000, usually awarded in late May of the enrolled Spring Semester. 

The MEng is an intense professional degree program that requires full time effort during all 12 months. As a result, Teaching or Research Assistantships cannot be used to support this degree. However, independent outside Fellowships (e.g. Fulbright or other external foundations) can be applied, but applicants must apply independently. 

We encourage all students to apply for as many outside scholarships as possible. MIT defines outside scholarship awards as any private or state scholarship, grant or benefit received. This may include merit-based scholarships from private foundations, government institutions, tuition benefits from parents' employer or state grant programs. If you do receive an outside award, MIT applies it to offset tuition costs before reducing the MIT MEng Scholarship. However, the MIT MEng scholarship is reduced so that the combination of outside awards and the MEng scholarship does not exceed the net tuition costs for the Spring semester.  

Neither a department nor the Institute itself has the financial resources to provide support for all deserving students. Thus, it is important that prospective students explore all sources of aid available outside MIT to find means of financing their graduate programs.

Information on loans and student employment can be found at the Graduate Student Financial Aid Office.

Approximate Additional Expenses

Your actual expenses will vary depending on your choices of dining and housing options, travel, and other out-of-pocket expenses. Below are some estimates based on previous students' experience, totaling about $39,000. 

Books and supplies: $2,000
Food: $4,500
Personal Expenses: $5,000
Fall and Spring Housing (on campus): $14,000
Transportation: $2,600
MIT Student Medical Plan: $0
MIT Extended Insurance Plan: $2,268
MIT Student Activity Fee: $304
Summer Housing costs: $8,000

Totals based on MIT Financial Office 2013-2014 costs. For more information, visit the MIT Student Financial Services page.

Students will receive a more detailed expected cost letter from the financial aid office, which can be presented to private lenders for private loans.

Overview of Additional Expenses and Fees

  • MIT Student Medical Plan: Provides all MIT students with healthcare and services during their time at MIT. To learn more about the medical plan, visit the MIT Medical Website.
  • MIT Student Extended Insurance Plan: A comprehensive health insurance plan in conjunction with Blue Cross Blue Shield Massachusetts. To learn more about the extended plan, visit the MIT Medical Website.
  • Housing: MIT graduate students have the option to live on or off the MIT campus. To learn more about on-campus graduate housing visit the MIT Housing Website. If you choose not to live on campus, the MIT Housing Office can still assist in your housing search. Visit the MIT Off-Campus Housing Website to learn more about your options.
  • Student Activity Fee:Mandatory fee of $152 per semester or $304 for the academic year. To learn more additional fees visit the MIT Office of the Registrar Website.

Additional Resources